Jacobs Solutions Inc. (NYSE:J) Plans Quarterly Dividend of $0.29

Jacobs Solutions Inc. (NYSE:J) declared a quarterly dividend on Thursday, May 2nd, RTT News reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.29 per share on Friday, June 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.81%.

Jacobs Solutions has increased its dividend by an average of 11.0% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Jacobs Solutions has a dividend payout ratio of 12.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Jacobs Solutions to earn $8.94 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 13.0%.

Jacobs Solutions Stock Performance

Shares of J traded up $0.22 during mid-day trading on Thursday, reaching $143.41. 97,246 shares of the company’s stock were exchanged, compared to its average volume of 628,474. The business’s fifty day simple moving average is $147.40 and its 200-day simple moving average is $138.00. Jacobs Solutions has a 52-week low of $109.00 and a 52-week high of $154.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a market capitalization of $18.02 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.52 and a beta of 0.74.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.46. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The firm had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.02 billion. During the same period last year, the firm posted $1.67 EPS. Jacobs Solutions’s quarterly revenue was up 10.6% on a year-over-year basis. On average, equities research analysts expect that Jacobs Solutions will post 8.07 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on J shares. Royal Bank of Canada raised their target price on Jacobs Solutions from $151.00 to $161.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Citigroup lifted their price objective on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Argus lifted their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. KeyCorp began coverage on Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock. Finally, Truist Financial began coverage on Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.25.

Insider Transactions at Jacobs Solutions

In other news, insider Steven J. Demetriou sold 7,000 shares of Jacobs Solutions stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $1,072,400.00. Following the sale, the insider now owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Patrick Hill sold 5,486 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $149.00, for a total transaction of $817,414.00. Following the completion of the sale, the executive vice president now owns 57,233 shares in the company, valued at $8,527,717. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Steven J. Demetriou sold 7,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $1,072,400.00. Following the completion of the sale, the insider now owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The disclosure for this sale can be found here. Insiders sold 15,838 shares of company stock valued at $2,393,710 in the last three months. Corporate insiders own 1.00% of the company’s stock.

About Jacobs Solutions

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.